27Aralık2023

2024 Minimum Wage Amount is Announced

a. Minimum Wage

In the press release dated December 27, 2023, the Ministry of Labor, along with the Minimum Wage Determination Committee has announced the minimum wage to be effective for the year of 2024, as shown in the table below.

TERM	GROSS	NET
2024	20,002.50 TRY	17,002.12 TRY

b. Monthly SSI Base and Ceiling Parameters

As per Article 82 of the 5510 numbered SSI Law, the SSI base and the SSI ceiling are determined by taking the minimum wage into account. The SSI ceiling is calculated as 7.5 times the minimum wage. The below table shows the legal parameters in regards to 2024.

SSI	Monthly SSI Base	Monthly SSI Ceiling
2024	20,002.50 TRY	150,018.90 TRY

Should you have any queries or need further details, please contact your customer representative.

Yazar CottGroup Hukuk ve Mevzuat Ekibi, Kategori Social Security Law and Legislation, Taxation Law

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